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The won fell to 1,472.9 per dollar on March 31, its weakest weekly close since the global financial crisis. Stagflation concerns in the US and the resumption of short selling in Seoul drove the decline.
Domestic political uncertainty kept investor sentiment weak.
A won near 1,470 per dollar increases the local cost of imported feed grains and meal for Korean buyers. Hedging and authority intervention may limit further moves, but cost pressure remains.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.